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Getting to 2050: Canada's Transition to a Low-emission Future

Getting to 2050: Canada's Transition to a Low-emission Future

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National Round Table on the Environment and the Economy (2008 Report)

The inescapable effects of climate change and air pollution over the next decades require Canada to embark upon a transition to a low-emission society. This will require significant changes to our energy systems – both in terms of energy production and consumption.
We will need to anticipate the nature and scope of that transition and what it will look like to manage our response smartly. This will enable us to maintain the health of our economy and meet our environmental objectives.

The NRT set out five enabling conditions to guide this transition: work in concert with the world; exhibit policy certainty; implement an economy-wide price signal, deploy all necessary technologies; and integrate air pollution and climate change policies.
National Round Table on the Environment and the Economy (2008 Report)

The inescapable effects of climate change and air pollution over the next decades require Canada to embark upon a transition to a low-emission society. This will require significant changes to our energy systems – both in terms of energy production and consumption.
We will need to anticipate the nature and scope of that transition and what it will look like to manage our response smartly. This will enable us to maintain the health of our economy and meet our environmental objectives.

The NRT set out five enabling conditions to guide this transition: work in concert with the world; exhibit policy certainty; implement an economy-wide price signal, deploy all necessary technologies; and integrate air pollution and climate change policies.

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05/13/2014

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A key question for Canada’s policy makers, and indeed all Canadians, is what effect a deep GHG
emissions reduction pathway could have on Canadians and the Canadian economy. Of primary
concern are economic growth, and regional and sectoral prospects. Energy price impacts on house-
holds are also of interest.The NRTEE research indicates that the overall effects on economic growth
over the long term are quite limited. However, this masks important regional and sectoral implications
that are not uniform in time or proportionate in scale.There are other areas of macroeconomic
impact that we did not assess and that clearly need to be investigated to more fully articulate the
likely effect of deep GHG emission reductions.The following discussion explores these two points.

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